Totals
- Total revenue
- $10,037,741
- Total expenses
- $7,431,317
- Contributions and grants received
- $9,923,571
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $110,661
- Other revenue
- $3,509
- Total assets, end of year
- $9,967,708
- Total liabilities, end of year
- $493,003
- Net assets or fund balances, end of year
- $9,474,705
- Program services expenses (Part IX)
- $6,352,413
- Management and general expenses
- $710,008
- Fundraising expenses
- $368,896
- Program service expenses (Part III)
- $6,352,413
Program services were 85.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$785,000
-
1f · All other contributions, gifts and grants
$9,138,571
-
1g · Noncash contributions included above
$121,105
-
3 · Investment income
total $117,804 · excluded $117,804
-
7a · Gross sales of assets other than inventory
securities $113,962
-
7b · Less cost or other basis and sales expenses
securities $121,105
-
7c · Gain or loss
securities -$7,143
-
7d · Net gain or loss
total -$7,143 · excluded -$7,143
-
11a · Other revenue: OTHER INCOME
total $3,509 · related or exempt $3,509
-
11e · Other revenue, total
$3,509
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $217,351 · program services $141,278 · management and general $21,735 · fundraising $54,338
-
7 · Other salaries and wages
total $4,431,873 · program services $3,845,158 · management and general $382,155 · fundraising $204,560
-
9 · Other employee benefits
total $487,557 · program services $418,052 · management and general $42,355 · fundraising $27,150
-
10 · Payroll taxes
total $361,471 · program services $309,940 · management and general $31,402 · fundraising $20,129
-
11c · Fees: accounting
total $18,935 · management and general $18,935
-
11g · Fees: other
total $564,093 · program services $391,143 · management and general $154,308 · fundraising $18,642
-
12 · Advertising and promotion
total $10,990 · program services $9,911 · fundraising $1,079
-
14 · Information technology
total $11,169 · program services $8,502 · management and general $2,012 · fundraising $655
-
16 · Occupancy
total $78,163 · program services $69,614 · management and general $4,663 · fundraising $3,886
-
17 · Travel
total $175,010 · program services $169,107 · management and general $1,427 · fundraising $4,476
-
22 · Depreciation, depletion and amortization
total $192,506 · program services $191,131 · management and general $750 · fundraising $625
-
23 · Insurance
total $50,462 · program services $44,911 · management and general $3,028 · fundraising $2,523
-
24a · Other expenses: FOOD
total $372,871 · program services $356,391 · management and general $3,864 · fundraising $12,616
-
24b · Other expenses: SUPPLIES
total $178,760 · program services $165,683 · management and general $4,994 · fundraising $8,083
-
24c · Other expenses: CONTRACTED LABOR
total $107,716 · program services $92,360 · management and general $9,358 · fundraising $5,998
-
24d · Other expenses: ADMISSIONS
total $46,433 · program services $45,967 · management and general $17 · fundraising $449
-
24e · All other expenses
total $125,957 · program services $93,265 · management and general $29,005 · fundraising $3,687
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $366,908 · end of year $124,671
-
2 · Savings and temporary cash investments
beginning of year $4,265,978 · end of year $5,256,646
-
3 · Pledges and grants receivable
beginning of year $677,701 · end of year $2,831,020
-
9 · Prepaid expenses and deferred charges
beginning of year $156,347 · end of year $77,058
-
10a · Land, buildings and equipment: cost or other basis
$194,078
-
10b · Land, buildings and equipment: accumulated depreciation
$135,765
-
10c · Land, buildings and equipment, net
beginning of year $23,563 · end of year $58,313
-
12 · Investments: other securities
beginning of year $1,800,000
-
14 · Intangible assets
end of year $1,620,000
-
17 · Accounts payable and accrued expenses
beginning of year $422,216 · end of year $493,003
-
27 · Net assets without donor restrictions
beginning of year $5,913,613 · end of year $6,643,685
-
28 · Net assets with donor restrictions
beginning of year $954,668 · end of year $2,831,020
Mission and programs · 2022
Mission
THREAD HARNESSES THE POWER OF RELATIONSHIPS TO CREATE A NEW SOCIAL FABRIC OF DIVERSE INDIVIDUALS DEEPLY ENGAGED WITH YOUNG PEOPLE FACING THE MOST SIGNIFICANT OPPORTUNITY AND ACHIEVEMENT GAPS. OUR COMMUNITY IS COMMITTED TO ENDING SOCIAL ISOLATION AND BUILDING A MORE EQUITABLE CULTURE IN WHICH EVERYONE THRIVES.
Activities or mission (Part I)
SUPPORTS YOUNG PEOPLE FACING THE MOST SIGNIFICANT OPPORTUNITY AND ACHIEVEMENT GAPS.
-
THREAD INTERVENES IN THE 9TH GRADE AND DISRUPTS THE PATTERN OF ISOLATION THAT LEADS TO ACADEMIC UNDERPERFORMANCE, ENROLLING STUDENTS WHO RANK IN THE BOTTOM 25% OF THEIR CLASS AND WHO FACE AN ABUNDANCE OF CHALLENGES OUTSIDE OF THE CLASSROOM. STUDENTS REMAIN IN THREAD FOR 10 YEARS, SURROUNDED BY A GROUP OF UP TO FOUR VOLUNTEERS - A THREAD FAMILY - THAT PROVIDES THE STUDENT WITH CONTINUOUS SUPPORT AND INCREASED ACCESS TO COMMUNITY RESOURCES WHILE DEEPLY ENRICHING THE LIVES OF COMMITTED VOLUNTEERS. ONCE ENROLLED, THREAD COMMITS TO NEVER GIVING UP ON A SINGLE STUDENT, AND OUR STUDENTS CONSISTENTLY DEFY THE ODDS. THREAD STUDENTS COMPLETE HIGH SCHOOL AT A RATE TEN TIMES THAT OF SIMILAR PEERS.
Expenses $6,352,413 · Revenue $3,509
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeff CohenJEFF COHEN
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 8
-
Aaron CopelandAARON COPELAND
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 8
-
Heather BenzHEATHER BENZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Krishna PotarazuKRISHNA POTARAZU
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Cheryl BoyerCHERYL BOYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ryan HemmingerRYAN HEMMINGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Jan HouboltJAN HOUBOLT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Marjorie Rodgers CheshireMARJORIE RODGERS CHESHIRE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Michelle LeffMICHELLE LEFF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dhaujee RoseDHAUJEE ROSE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Destiny-Simone Ramjohn PhDDESTINY-SIMONE RAMJOHN PHD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Barry WilliamsBARRY WILLIAMS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Angel PerezANGEL PEREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sarah HemmingerSARAH HEMMINGER
CEO & CO-FOUNDER
- Total calculated
- $236,140
- From this org
- $232,957
- From related orgs
- $0
- Other
- $3,183
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $232,957
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $3,183
- Filer's total
- $236,140
-
Allison BuchalterALLISON BUCHALTER
VP OF INVOLVEMENT
- Total calculated
- $192,557
- From this org
- $175,295
- From related orgs
- $0
- Other
- $17,262
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $159,795
- Bonus
- $15,500
- Other
- $0
- Deferred
- $4,506
- Nontaxable benefits
- $12,756
- Filer's total
- $192,557
-
Nicholas GreerNICHOLAS GREER
VP OF INTERCONNECTION
- Total calculated
- $183,926
- From this org
- $177,331
- From related orgs
- $0
- Other
- $6,595
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $161,831
- Bonus
- $15,500
- Other
- $0
- Deferred
- $4,506
- Nontaxable benefits
- $2,089
- Filer's total
- $183,926
-
Roland SelbyROLAND SELBY
MANAGING DIRECTOR, INVESTMENT
- Total calculated
- $163,314
- From this org
- $155,939
- From related orgs
- $0
- Other
- $7,375
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,439
- Bonus
- $20,500
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,375
- Filer's total
- $163,314
-
Jordan WagnerJORDAN WAGNER
DIRECTOR OF DATA STRATEGY AND OPERATIONS
- Total calculated
- $129,941
- From this org
- $124,328
- From related orgs
- $0
- Other
- $5,613
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 5a · Pay contingent on this organization's revenues
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 5
- A PORTION OF EMPLOYEE BONUSES MAY BE DEPENDENT UPON ACHIEVING SET REVENUE GOALS FOR THE FISCAL YEAR.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
THRIVE SOFTWARE INC
C · SOFTWARE DEVELOPER · MD · 28.57% owned
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441369349313684
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.